TAT Technologies Ltd. Announces a $4M Agreement With Lockheed Martin for Components of the F-16 Emergency Power Unit and Additional Related Components
TAT Also Announces MOU With Lockheed Martin and Hamilton Sundstrand for Participation in the F-35 Program

GEDERA, Israel, July 27, 2010 /PRNewswire-FirstCall/ -- TAT Technologies
Ltd. (Nasdaq: TATT - News), a leading provider of services and products to
the commercial and military aerospace and ground defense industries, today
announced it entered into a Memorandum of Agreement (MOA) with Lockheed
Martin (NYSE: LMT) for the procurement of TAT components for the F-16
emergency power unit and additional related components for the F-16 multirole
fighter aircraft. Total value of the MOA is $4.1M over the next two years.

This agreement between the two companies is a continuation of a 27-year
business relationship wherein TAT has provided Lockheed Martin with
components of the emergency power unit and additional related components for
the F-16.

TAT also announced today the signing of a memorandum of understanding
(MOU) with Lockheed Martin and Hamilton Sundstrand formalizing TAT's
participation in the United States Government's Joint Strike Fighter (JSF),
the F-35 program. TAT was identified as a strategic source for electronic
cooling components for the F-35 program and will be offered with the
opportunity to subcontract on the program, on a best-value basis consistent
with the program's objectives and requirements. The MOU is contingent upon
Israel's selection of the F-35.

TAT's President and CEO, Dr. Shmuel Fledel, commented: "This continuing
order, together with the other programs recently awarded to TAT, demonstrate
TAT's strong market position in providing its solutions, including heat
transfers and accessories, to the aviation industry. TAT is proud of the
close relationships it has established with a world-leading customer such as
Lockheed Martin, wherein for some components TAT provides to Lockheed Martin
TAT is the sole supplier world-wide. We are fully committed to continue to
support Lockheed Martin's F-16 program. We are looking forward to expanding
our cooperation with Lockheed Martin for additional programs".

About TAT Technologies LTD

TAT Technologies LTD is a leading provider of services and products to
the commercial and military aerospace and ground defense industries.

TAT operates under three operational segments: (i) OEM of Heat Transfer
products (ii) OEM of Electric Motion Systems; and (iii) MRO services, each
with the following characteristics:

OEM of Heat Transfer products primarily includes the (i) design,
development, manufacture and sale of a broad range of heat transfer
components (such as heat exchangers, pre-coolers and oil/fuel hydraulic
coolers) used in mechanical and electronic systems on-board commercial,
military and business aircraft; and (ii) manufacture and sale of
environmental control and cooling systems and (iii) a variety of other
electronic and mechanical aircraft accessories and systems such as pumps,
valves, power systems and turbines.

OEM of Electric Motion Systems primarily includes the design,
development, manufacture and sale of a broad range of electrical motor
applications for airborne and ground systems. TAT activities in this segment
commenced with the acquisition of Bental in August 2008 and accordingly, the
results in this segment for fiscal year 2008 are not compared with the
previous years.

TAT also holds approximately 37% of the equity of First Aviation
Services, a world-wide distributor of products and services to the aerospace
industry and a one-stop-shop for MRO services (wheels, breaks, propellers and
landing gear) for the General Aviation Industry.

TAT's executive offices are located in the Re'em Industrial Park, Neta
Boulevard, Bnei Ayish, Gedera 70750, Israel, and TAT's telephone number is
+972-8-862-8500.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements which include,
without limitation, statements regarding possible or assumed future operation
results. These statements are hereby identified as "forward-looking
statements" for purposes of the safe harbor provided by the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
involve risks and uncertainties that could cause our results to differ
materially from management's current expectations. Actual results and
performance can also be influenced by other risks that we face in running our
operations including, but are not limited to, general business conditions in
the airline industry, changes in demand for our services and products, the
timing and amount or cancellation of orders, the price and continuity of
supply of component parts used in our operations, and other risks detailed
from time to time in the company's filings with the Securities Exchange
Commission, including, its annual report on form 20-F and its periodic
reports on form 6-K. These documents contain and identify other important
factors that could cause actual results to differ materially from those
contained in our projections or forward-looking statements. Stockholders and
other readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which they are
made. We undertake no obligation to update publicly or revise any
forward-looking statement.